Daily News: November 8, 2012

North Mill Capital Completes Four Factoring Transactions


North Mill Capital announced the funding of four transactions totaling $6.25 million. The deals include:

  • a $1 million accounts receivable credit facility to a long haul trucking company located in Michigan

  • a $4 million accounts receivable credit facility to a chrome polishing and faucet distributor located in Wisconsin

  • a $250,000 factoring facility to a jet parts fabricator located in Minnesota

  • a $1 million accounts receivable credit facility to a coffee importer located in New Jersey

    Each of the facilities will be utilized for working capital purposes.

    North Mill Capital is a factor and asset-based lender offering loans from $50,000 to $10 million.